March 22, 2016

Must Make Will - Nominee Only Trustee in Most Cases

http://ascentsolutions.in/wordpress/?p=310Nominee ( except in case of shares and most probably , now , in Insurance policies ( please recheck ) - is only a Trustee. Real owner is as per the Will.----------------------While writing Will , please include these important points.1 ) Where ever ( Testator ) made Nominations , the Nominee / s would be the sole heirs 2 ) In case , any one of the legatees pre deceases( Testator ) in that case that share would not lapse but would , instead , devolve on the Legal heirs of that Legatee.3 ) In case any asset , movable or immovable , is not mentioned here or is acquired afterwards would devolve on --------============